HomeMy WebLinkAbout0213 be toreclosed tor the w~hole ot said money. interest and costs; or Mortgagee may toreclose only aq to the sum past due, w~thout in-
jury to thi.a mortgage or the displacement c?r impairment ot the mmainder ot the lien thereot. and at such [oreclosure sale Ihe prop-
erty shall be sold subject to all remaining items ot indebtedne~: and Mortgagee may again toreclose. in the same manner, a4 otten
as there may be any sum past due.
8. Eacept duting such period or periods aa the Mortgagee may trom time to time de3ignate in writing. the Mortgagor will pay
to the Mortgagee on the first day of each month throughout the existence ot this mortgaQe s sum equal to thE l~iortgagee's estimate
ot the taaes and assessments next due on the mortgaged property and premiums ~ext payable on or for policies ot tire and other hazacd
insursnce thereon, les4 any sums already paid the Mortgagee with respect thereto, divided by the number ot montlu to elapse before
one month prior to the date when such taxes. assessmeats aad premiums become due and payable. such sums to be held by the Aiort-
gagee. without interest, to pay such items. It at any time the estimated sum is insuflicient to pay an item when due. the Mortgagor shall
torthwith upon demand pay the deficiency to the Mortgagee. The arrangement pmvided for in this paregraph is solely tor the added
protection ot the Mortgagee and entails no re4ponsibility on the Mortgagee's part beyond the sUowing o[ due credit, without interest,
tor sums actually receivcKi by it. Upon tfie occurrence ot a detault under this mortgage. the Mortgagee may apply all or any pxrt ot the
accumulated tunds then held. upon aay obligation secured hereby. Upon asgignment of this mortgage, any [unds on hand sha11 be
turned over to the assignee and any responsibility of the asgignor with respect thereto shaU terminate. Each transter ot the martgaged
property shall sutomatically transter to the grantee all right ot the grantor with respect to any funds accumulated hereunder.
9. That in case oi detault or the happening ot aay event whic6 would enable the Mortgagee to dpclare the whole indebted-
ness secured hereby immediately due and payable, the Mortgagee shall be entitled to the appointment ot a receiver ot all the rents,
issues and profits. regardlesa ot the value ot the mortgaged property and the solvency or insolvency of the Mortgagor and other
persons liable to pay said indebtedness.
10. ~Lt~t
11. That the words "Mortgagor" and "Mortgagee" when used hernin shall be taken to include singular and plural number and
masculine. feminine or neuter gender. as may fit the case. and shall also include the heirs. administrators. executors, successors
and assigns ot the parties hernto. Each and aU ot the terms and provisions hereot shall extend to and be a part ot any renewal or
eatension ot this mortgage.
12. That this mortgage and the note secured hereby constitute a Florida contract and shaU be construed according to the
laws of that state.
13. In the event of the accelerat~on of the note hereby secured, the
total charges for interest and in the~nature of interest shali not ex-
ceed the makimum amount allowed by law, and any excess portion of such
charges that may have been prepaid shall be refunded to the makers there-
of at the time of acceleration. Such refund may be made by application
of the amount involved against the sums then due hereunder, but such
crediting shall not cure or waive the default occasioning acceleration.
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~ IN WITNESS WHEREOF, the said Mortgagor has hereunto set ha and seal the day ~y a written.
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~ Signed, sealed and delivered in the 1/' .t.. , L)
p~~ ot u4: eg a c~ . ater a~ -
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E-Iv . at`ers; . a x ors "~~~~e
Es a o Fr e s c t s
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Regi ld V. Waters and
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FILEO AND RECOFti~EO Elva M. Waters, as Trustees
ST. LUCIE COUNTY. PLA:
RE C~Rn VcRIFIED
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185'71 '
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'69 NOV 17 AM 9: 5
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STATE OF FLORIDA, ~ i;~R P~ OI i R.".S ACKNOWLEDG111ENT
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Dade Cl. ~ CiRCUIT COURT~
~ COUNTY OF . ~
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~ I HEREBY CERTIFY that on this day bNfore me, an otficer duly authorized in the State aforesaid and ia the County atoresaid
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~ to take acknowledgments, perQ..onally appeared_ Reglllald_ V. .Wat.ers..._and_ Elv~ M,._. WatQr.s,. .as Executors
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~ of the Estate of _ Francis Scott_ Waters,____ a/k/a...F_,._S.C.O.tt _ Wa~~_x'.s.,__.deceased and
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n~o be' t~ per
on g~es~~ ThV~d' aVt~o ~i~U~ ~Ne t~t~goi~i~~b~g~ •and acknowledged be[ore me that
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~ t ey J f;,.;•• :~eaecuted the same tor the purposes therein expressed.
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~ W'~TNESS'my R9ndand official seal in the County and State last aforesaid this..... 6th_ _ day of
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~ NO,Y@IDb@r... Y• , _ . , A. D. 19 69_ . .
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~ . Notary Public, State of Florida at large
My commiseion e~pires- ~ 6- 6- 7 3. _ ~
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